Outtake raises $40M to automate digital identity security

Outtake, a cybersecurity startup founded in 2023, has raised a $40 million Series B round—a growth-stage venture capital round—to scale its agentic cybersecurity platform. The platform uses autonomous agents to help enterprises detect, investigate, and take down digital identity fraud. The funding round was led by Murali Joshi of Iconiq, with participation from a group of angel investors including Microsoft CEO Satya Nadella, Pershing Square Holdings CEO Bill Ackman, Palo Alto Networks CEO Nikesh Arora, Palantir CTO Shyam Sankar, Anduril co-founder Trae Stephens, former OpenAI VP Bob McGrew, Vercel CEO Guillermo Rauch, and former AT&T CEO John Donovan.

The company, founded by former Palantir engineer Alex Dhillon, reports growth over the past year. Outtake’s performance metrics include:

• Annual recurring revenue: Increased sixfold year-over-year.
• Customer base: Grew more than tenfold, with clients including OpenAI, Pershing Square, AppLovin, and federal agencies.
• Threat detection: Its systems scanned 20 million potential cyberattacks last year.

Outtake’s software targets digital identity posers, specifically automating the removal of impersonation accounts, malicious domains, rogue apps, and fraudulent ads. Historically, identifying and removing these threats was a manual, human-intensive process that struggled to keep pace with the internet. Joshi noted that Iconiq was initially skeptical after hearing whispers about an AI company solving digital misrepresentation at scale. However, after conducting due diligence, the firm found the platform successfully converted a manual security problem into a software-defined one. “They’ve turned a ‘human problem’ into a ‘software problem.’ Seeing AI take down digital frauds in real time is a game-changer for brand safety,” Joshi said.

Dhillon attributes the company’s ability to attract angel investors to his background at Palantir, where he worked directly for Shyam Sankar on the experimental product team. This role introduced him to key figures in the Palantir network, leading to further introductions and investment. The startup’s technology has also gained recognition from its customers; OpenAI profiled Outtake in July 2025 as an example of an agentic startup built on its reasoning models.

Why it matters

The rise of artificial intelligence has made digital impersonation faster and more convincing. This shift has turned what was previously a manual, human-intensive security task into a software-defined problem for enterprises seeking to protect their brand safety.